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High Yield Corporate Bond Market Summary:
Week Ending 11/12/21

Our newsletter presents key trends derived from observable Corporate Bond pricing data over a weekly period.

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Top 10 Winners
Top 10 Losers
Avg Industry Price
Market Sentiment
Top Movers
Most Quoted HY
Bid Offer Spread
Bid Offer Volume

Top 10 Winners

Showcases the top 10 HY Corp “winners” based on the largest bid price increases between 11/5/21 – 11/12/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 YUZHOU 8.3 5/27/2025 8.30% 05/27/25 49.52% 50.71 33.91
2 TPHL 6.75 7/8/2025 6.75% 07/08/25 38.20% 84.63 61.24
3 DSPORT 6.625 8/15/2027 144A 6.63% 08/15/27 32.79% 32.37 24.38
4 SUNAC 6.5 1/10/2025 6.50% 01/10/25 32.27% 74.40 56.25
5 RONXIN 8.75 10/25/2022 8.75% 10/25/22 29.23% 48.40 37.45
6 AGILE 7.875 PERP 7.88% 10/31/99 29.22% 57.27 44.32
7 KWGPRO 5.875 11/10/2024 5.88% 11/10/24 26.11% 80.80 64.07
8 CAPG 6.2 3/24/2026 6.20% 03/24/26 20.99% 35.75 29.55
9 FTLNHD 4.625 10/15/2025 4.63% 10/15/25 20.10% 84.68 70.51
10 STNEWY 10 3/1/2027 10.00% 03/01/27 17.29% 31.38 26.76

Top 10 Losers

Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 11/5/21 – 11/12/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 KAISAG 6.5 12/7/2021 6.50% 12/07/21 -20.89% 41.20 52.08
2 REDPRO 9.9 2/17/2024 9.90% 02/17/24 -18.92% 50.54 62.33
3 ZHPRHK 7.125 6/30/2022 7.13% 06/30/22 -16.91% 69.75 83.94
4 REDSUN 9.7 4/16/2023 9.70% 04/16/23 -16.80% 54.24 65.19
5 REDPRO 11 8/6/2022 11.00% 08/06/22 -16.01% 55.15 65.66
6 CHFOTN 9 7/31/2021 9.00% 07/31/21 -14.40% 30.05 35.11
7 CREAL 9.125 PERP REGS 9.13% 11/29/99 -12.43% 57.97 66.19
8 FTHDGR 7.375 10/4/2021 7.38% 10/04/21 -11.17% 31.94 35.96
9 ETHOPI 6.625 12/11/2024 REGS 6.63% 12/11/24 -10.73% 67.74 75.88
10 LCI 7.75 4/15/2026 144A 7.75% 04/15/26 -9.83% 75.44 83.67

Avg Industry Price

Displays the HY Corp average industry price by sector between 11/5/21 – 11/12/21

Results are based on 5 select industry sectors, however, we offer data across 36 sectors

Sentiment

Reveals the percent of HY Corps increasing in price (advancers) vs. HY Corps decreasing in price (decliners) between 11/5/21 – 11/12/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 11/5/21 vs. the week ending 11/12/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 BIOGRP 3.375 2/1/2028 REGS 3.38% 02/01/28 103 171 68 66%
2 NAVI 5.5 6/15/2029 5.50% 06/15/29 125 192 67 54%
3 BIOGRP 5 2/1/2029 REGS 5.00% 02/01/29 99 153 54 55%
4 TGNA 5.5 9/15/2024 5.50% 09/15/24 189 239 50 26%
5 EGEHAI 5.625 11/8/2028 144A 5.63% 11/08/28 37 84 47 127%
6 F 7.45 7/16/2031 7.45% 07/16/31 284 325 41 14%
7 GNW 4.9 8/15/2023 4.90% 08/15/23 192 229 37 19%
8 YANGOG 12 3/19/2024 12.00% 03/19/24 96 132 36 38%
9 EQH 0.5 11/17/2023 144A 0.50% 11/17/23 108 144 36 33%
10 CPS 5.625 11/15/2026 5.63% 11/15/26 204 238 34 17%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 11/5/21 – 11/12/21

RANK TRANCHE COUPON MATURITY DEALERS
1 EVERRE 8.75 6/28/2025 8.75% 06/28/25 39
2 LW 4.875 11/1/2026 4.88% 11/01/26 37
3 DELL 7.125 6/15/2024 7.13% 06/15/24 37
4 FCX 3.55 3/1/2022 3.55% 03/01/22 37
5 EVERRE 10.5 4/11/2024 10.50% 04/11/24 36
6 EVERRE 8.25 3/23/2022 8.25% 03/23/22 36
7 EVERRE 7.5 6/28/2023 7.50% 06/28/23 36
8 X 6.25 3/15/2026 6.25% 03/15/26 36
9 LW 4.625 11/1/2024 4.63% 11/01/24 36
10 WFRD 8.625 4/30/2030 144A 8.63% 04/30/30 35

Bid-Offer Spread by Industry

Displays the HY Corp average bid-offer spread by industry between 11/5/21 – 11/12/21

Results are based on 5 select industry sectors, however, we offer data across 36 sectors

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 11/5/21 – 11/12/21

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